142 E Evergreen St
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142 E Evergreen St
7 Unit Apartment Building $1,100,000 ($157,143/Unit) 5.44% Cap Rate West Grove, PA 19390
Investment Highlights
- Middle of West Grove Borough.
Executive Summary
This property is a 7 Unit multi family building. Borough inspection was completed in Spring 2024, owner is responsible U/0. Current owner has replaced the old unsafe driveway with a larger gravel lot, the fire escape refinished 2021. Many of the units have been renovated in the last four years, six of the seven units have been renovated. Tenants pay heat, Electric and water/sewer, all are metered separated. Owner pays common area electric, Grass,Snow Removal and Trash. Seller is requiring PROOF OF FUNDS/ PRE APPROVAL LETTER prior to showing appointment approval. Please email: WELHMGT@gmail.com. Once received, seller will approve the showing appointment. The property is being sold as-is. The sale may result in a 1031 Exchange. No Sign, no lockbox on the property. Seller is a Licensed Real Estate Agent and has an ownership interest in the LLC selling this property. Do not, walk the property or disturb the tenants. MLS #PACT2075560
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$83,400
|
$11.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$83,400
|
$11.62
|
| Taxes |
$13,171
|
$1.83
|
| Operating Expenses |
$10,305
|
$1.44
|
| Total Expenses |
$23,476
|
$3.27
|
| Net Operating Income |
$59,924
|
$8.35
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $83,400 |
| Annual Per SF | $11.62 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $83,400 |
| Annual Per SF | $11.62 |
| Taxes | |
|---|---|
| Annual | $13,171 |
| Annual Per SF | $1.83 |
| Operating Expenses | |
|---|---|
| Annual | $10,305 |
| Annual Per SF | $1.44 |
| Total Expenses | |
|---|---|
| Annual | $23,476 |
| Annual Per SF | $3.27 |
| Net Operating Income | |
|---|---|
| Annual | $59,924 |
| Annual Per SF | $8.35 |
Property Facts Under Contract
| Price | $1,100,000 | Apartment Style | Low Rise |
| Price Per Unit | $157,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 5.44% | Building Size | 7,179 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1959 |
| Price | $1,100,000 |
| Price Per Unit | $157,143 |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 7,179 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1959 |
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
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PROPERTY TAXES
| Parcel Number | 05-004-0061.0000 | Total Assessment | $292,700 (2024) |
| Land Assessment | $53,960 (2024) | Annual Taxes | $13,171 ($1.83/SF) |
| Improvements Assessment | $238,740 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
05-004-0061.0000
Land Assessment
$53,960 (2024)
Improvements Assessment
$238,740 (2024)
Total Assessment
$292,700 (2024)
Annual Taxes
$13,171 ($1.83/SF)
Tax Year
2023
zoning
| Zoning Code | R4 (residential zoning district for moderate-to-higher-density neighborhoods with a variety of housing types.) |
| R4 (residential zoning district for moderate-to-higher-density neighborhoods with a variety of housing types.) |
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Presented by
Lydia T Willits Real Estate
142 E Evergreen St
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